LEBANON – Housing incentives are paying off for one city in the Ozarks.
Just a few months ago, Lebanon City Council waived development fees for some empty lots across the city in an effort to solve the city’s housing shortage.
Since these fees were waived, the city has seen a 400 percent increase in residential building permits.
All the new homes built on the lots are required to stay at or under a $200,000 price limit.
These new homes will also solve an employment problem in the city employers are having a tough time hiring because there are no affordable homes for the new employees.